Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Aster−0.005%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$220.215% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$2 on $10k

Price spread, last 7 days+0.015%+$1 · spread now −0.005%, 7d avg −0.007%

Together, before fees+0.039%+ Points / potential airdropAster: Stage 5 · farm board+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XRPUSDT	1.5314	0.0100	pay 0.0100% / 8h	7h 40m	$38.8M	$83.7M	100x
Short	Bybit XRPUSDT	1.5313	0.0100	get 0.0100% / 8h	7h 40m	$341.0M	$924.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee BybitbpOrdersPrice spread, now −0.005%Rate

Funding earned: $0
Price spread: −0.005% → −0.007%: $0.23
Slippage, 4 orders: −$2.55
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$21.32
Costs to cover: 0.215%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; Bybit: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 3 min ago	0.65 bp	4.7 bp −$5	5.3 bp −$53	12.7 bp −$1,269	doesn't fit
Sell Bybit live order book, 3 min ago	0.33 bp	5.8 bp −$6	7.5 bp −$75	13.2 bp −$1,315	26.8 bp −$13.4K

XRP on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff XRP-PERP	−0.0080%	1h	1.5310	−0.025%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5311	−0.021%	$1.1M	$113K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5312	−0.010%	$256K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0011% / S +0.0083%	1h	1.5311	−0.017%	$840K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.608%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0062%	8h	1.5317	+0.021%	$58K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0076%	1h	1.5321	+0.047%	$9.3M	$25.3M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5322	+0.056%	$2.8M	$13.9M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5327	+0.086%	$512K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5312	−0.012%	$11K	$277K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XRP-USD-PERP	+0.0100%	8h	1.5307	−0.044%	$477K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5314	+0.001%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDTlong	+0.0100%	8h	1.5314	long leg	$38.8M	$83.7M	100x
Pacifica XRP	+0.0100%	1h	1.5311	−0.017%	$619K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5316	+0.015%	$539.1M	$2.06B	100x	as long as short
Bybit XRPUSDTshort	+0.0100%	8h	1.5313	−0.005%	$341.0M	$924.9M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5314	+0.001%	$124.8M	$872.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5275	−0.253%	$570K	$47K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5315	+0.008%	$118K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5306	−0.054%	$1.6M	$562K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5314	+0.001%	$372.9M	$149.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5316	+0.014%	$304.8M	$899.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5310	−0.025%	$108.5M	$166.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5313	−0.005%	$267.7M	$376.5M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5310	−0.025%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5316	+0.015%	$6.4M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5318	+0.026%	$665K	$107.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5336	+0.145%	$1.1M	$39.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5294	−0.129%	$1.0M	$902K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5317	+0.019%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5322	+0.054%	$48K	$444K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5316	+0.013%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5320	+0.043%	$825K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5320	+0.039%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5319	+0.034%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5308	−0.041%	$50.2M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5319	+0.034%	$54.5M	$29.7M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5313	−0.003%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5316	+0.018%	$59K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5316	+0.014%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5316	+0.012%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5323	+0.060%	$24.1M	$74.3M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5325	+0.073%	$5.8M	$46.3M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5318	+0.028%	$14.5M	$70.1M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0268%	1h	1.5319	+0.034%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5334	+0.132%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0314%	8h	1.5324	+0.067%	$2.0M	$35.2M	2.9x	as long as short
Hyperliquid XRP	+0.0405%	1h	1.5324	+0.067%	$289.4M	$216.9M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5350	+0.236%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0776%	1h	1.5325	+0.075%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5318	+0.029%	$506K	$755K	10x	as long as short